Market Flash

Celanese Corporation, a global specialty materials and chemicals company, announced the opening of its Micromax Electronic Ink and Pastes Lab in Shenzhen, China.

• Celanese

India's position as the world's third largest producer and core supplier of generic drugs plays a pivotal role in the global pharmaceutical sector and brings significant economic benefits to global healthcare systems, particularly in the United States.

On October 16, 2024, the Ministry of Food and Drug Safety (MFDS) officially issued a notice No. 2024-473, announcing a series of important amendments to the "Health Functional Food Related Law Implementation Rules".

Mowi, the world's largest salmon producer, recently reported its production results. Data shows that the company achieved significant year-on-year growth in salmon production during the year, with a specific increase of 19%.

On October 15, 2024, the European Food Safety Authority (EFSA) officially published an announcement on the proposed revision of the maximum residue limits (MRL) of flonicamid in honey.

AIVITA Biomedical, Inc. is pleased to announce the signing of a licensing agreement with global skincare retailer LevEllis for exclusive global marketing and distribution rights to AIVITA’s proprietary skincare formulations.

• AIVITA Biomedical
• LevEllis

Canada-based Knowlton Development Corporation, Inc. (KDC/One), has agreed to acquire Italian cosmetic packaging manufacturing specialist Laffon Srl.

• KDC/One
• Laffon

Pearl Group, a global leader in polyurethane (PU) insulation solutions and other polyurethane applications, has completed construction of a new plant in Dong Nai Province, Vietnam, its fifth production plant.

• Pearl group

At the 29th Brazilian Congress of Entomology (CBE 2024), Bayer officially launched its first ketoenol insecticide, Plenexos, marking an important breakthrough for the company in this field.

Recently, the Australian Pesticide and Veterinary Medicine Authority (APVMA) officially announced that it has completely abolished all pesticide products containing DCPA (that is, dimethyl tetrachloropterephthalate, also known as dioxol).

Japan's Ministry of Health, Labor and Welfare will implement stricter order checks on the food produced by the company to ensure that all imported food meets Japan's food safety standards.

Director-General Tedros noted that the COVID-19 pandemic has highlighted the importance of health issues to global security and prosperity, so support and investment in WHO is critical.

On October 11, 2024, the Government of Canada, through its Official Gazette website, published an important government notice in Volume 158, Issue 41, seeking public comment on a proposed limit standard for natural radioactive substances in drinking water

On October 11, 2024, the Brazilian Ministry of Agriculture, Livestock and Supply issued official document No 723, which involves important work on the revision of quality standards for wine and its derivatives.

On September 30, Trinseo, a global leader in the specialty materials industry, announced a restructuring and streamlining plan aimed at optimizing the company's structure and improving operational efficiency.

Nexdot, a company focused on the application of quantum dots research, has launched a new varnish for glass bottles to protect perfumes from harmful UV rays.

• Nexdot

Finnish startup Origin by Ocean is committed to changing the face of the chemical industry by harvesting and processing invasive algae in a sustainable way.

• Origin by Ocean

Kemira announces a 10% price increase for all product lines in the Industrial & Water and Pulp & Paper divisions in EMEA, effective November 1, 2024, or as contracts allow.

• Kemira

On October 8, 2024, the General Administration of Customs of Vietnam announced that the Ministry of Health of Vietnam had issued notice No. 15/2024/TT-BYT on September 19, officially announcing the list of goods subject to import food safety inspection.

In the week ending October 11, 2024, the global corn market prices showed a divergence trend, which was reflected in the decline of Chicago corn futures prices and the increase of European and Black Sea corn prices.